Dymension Launches Mainnet with $390 Million DYM Token Airdrop to Ethereum and Solana Users

Daily Top Performer — Chromia (CHR)

The SPX index is up 0.23%, driven by strong corporate earnings and despite the Federal Reserve's reluctance to cut interest rates. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 1.96% and 4.17%, respectively in the past 24 hours.

Today’s outperformer is CHR, which jumped 22.7% after Fanzeal and Chromia Revolutionize Fan Engagement with Secure and Innovative Platform.

Chromia (CHR), launched in May 2019, is a blockchain platform that merges relational databases with blockchain to enhance dApp development, offering a mix of efficiency, security, and flexibility. Fanzeal collaborates with Chromia to enhance fan engagement through a platform that promises increased security, transparency, and seamless integration. This partnership aims to innovate how fans interact and experience, suggesting a significant transformation in fan engagement. More details can be found on Fanzeal's website. 

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Talk of the Town:

Dymension, a "RollApps" blockchain network, launched its mainnet and distributed over $390 million in DYM tokens to users of Solana, Ethereum, and other chains. The airdrop involved 700 million DYM tokens, which is 7% of its total supply, boosting DYM's value by 58% to $5.60. The network, built on Cosmos technology, allows developers to create app chains known as RollApps. The airdrop targeted over a million wallets across multiple platforms, including specific communities like Pudgy Penguins and Mad Lads NFT holders. Despite the broad eligibility, only 528,523 wallets claimed their share, leaving many tokens unclaimed, which were then redistributed. This event marks DYM as the second-largest token airdrop of 2024 by value, following Jupiter's airdrop on Solana.

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Airdrop to Watch:

"Heroes of Mavia" game by Skrice Studios airdropped MAVIA tokens to 100,000 players and Ethereum NFT land plot owners, following a million downloads. The token's value surged 36% to $3.10 with high trading volume. The game integrates crypto tokens and NFTs into its strategy gameplay, drawing significant interest and funding, including from Binance Labs and Animoca Brands.

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StarkDeFi's ReGenesis incentive program, active until February 22, 2024, rewards early users for swapping and providing liquidity on their Starknet-based DeFi platform. Points are earned through these activities, with bonuses for larger liquidity contributions, leading to higher airdrop allocations. The program introduces Utility and Reward Cores to enhance participation benefits and airdrop amounts. The SDC token offers various utilities, including governance and reduced fees, with its role expanding alongside the platform. The first phase of the airdrop concludes on February 22, with subsequent phases announced later.